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CA Final New scheme Syllabus vs Old Syllabus Changes Analysis


Get CA Final New Scheme Syllabus Changes & CA Final Old Scheme Vs New Scheme details. This is the article about CA Final New Syllabus | Changes in CA Final Course. Already SuperProfs team had given CA Foundation Old Scheme Vs New Scheme Syllabus 2016 Changes and CA IPCC Old Scheme Vs Inter New Scheme Syllabus Changes. The Institute of Chartered Accountants of India already announced that they will make some changes in CA course from 2016. Today ICAI has given a notification about CA new syllabus 2016 & CA Final Syllabus of New Scheme. In the given notification, ICAI has given details about CA New Course | Foundation Route, CA New Course | Direct Entry Route, Changes in CPT, IPCC and CA Final syllabus from 2016 and other training programmes. Here SuperProfs.com Team exclusively providing CA Final Old Scheme vs CA Final New Scheme Syllabus Changes by Subject wise Chapters & Topics in detailed list format. Get Subject-wise applicable New Changes & Syllabus for CA Final New Scheme. See CA Final Subject wise Syllabus Analysis at below. The New CA Final New Scheme Syllabus is applicable from May 2017.

CA Final Old Scheme Vs CA Final New Scheme Syllabus

Old Scheme New Scheme
CA Final CA Final
800 Marks and 8 papers 800 Marks and 8 papers
Group 1
Financial Reporting (100 Marks) Financial Reporting (100 Marks)
Strategic Financial Management (100 Marks) Strategic Financial Management (100 Marks)
Advanced Auditing and Professional Ethics (100 Marks) Advanced Auditing and Professional Ethics (100 Marks)
Corporate (70 Marks) and Other Economic Laws (30 Marks) Corporate (70 Marks ) and Other Economic Laws (30 Marks)
Group 2
Advanced Management Accounting (100 Marks) Advanced Management Accounting (100 Marks)
Information Systems Control and Audit Financial Services and Capital Markets (50 Marks) & Information Systems Control and Audit (50  Marks)
Direct Tax Laws (100 Marks) Advance Direct Tax Laws (70 Marks) and International Taxation (30 Marks)
Indirect Tax Laws (100 Marks) Advance Indirect Tax Laws (100 Marks)

CA Final Subjects in CA Course New Scheme

CA Final New Scheme Syllabus – Group 1 – Four Papers

Paper 1 : Financial Reporting ( Addition)

  1. Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards.
  2. Application of Indian Accounting Standards (Ind ASs) and Existing Accounting Standards on various accounting aspects with reference to-
  • Separate financial statements
  • Consolidated financial statements
  • Disclosures
  • Financial instruments
  • Special transactions
  • Understanding of Industry Specific Accounting.
  1. Application of Guidance Notes issued by ICAI on various accounting aspects.
  2. Principles of Integrated Reporting.

Note – If either a new Indian Accounting Standard (Ind AS) or Accounting Standard (AS),

Announcements and Limited Revisions to Ind AS / AS are issued or the earlier one are withdrawn or new Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS are issued in place of existing Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS,the syllabus will accordingly include / exclude such new developments in the place of the existing ones with effect from the date to be notified.

Paper 2: Strategic Financial Management

Addition:

  • Identification of types of Risk faced by an organisation
  • Evaluation of Financial Risks
  • Value at Risk (VAR)
  • Evaluation of appropriate method for the identification and management of financial risk.
  1. Portfolio Management (Few Sub-Topics Added)
  • Fixed Income Portfolio
  • Risk Analysis of Investment in Distressed Securities
  • Alternative Investment Strategies in context of Portfolio Management
  1. Corporate Valuation and Reorganization
  • Conceptual Framework of Valuation • Approaches/ Methods of Valuation

(a) Assets Based Valuation Model

(b) Earning Based Models

(c) Cash Flow Based Models

(d) Relative Valuation

  • Steps involved in Relative Valuation
  • Equity Valuation Multiples
  • Enterprise Valuation Multiple

(e) Other Approaches to Value Measurement

  • Economic Value Added (EVA)
  • Market Value Added (MVA)
  • Shareholder Value Analysis (SVA)

(f) Arriving at Fair Value

(a) Major difference between Islamic Finance and other forms of Finance

(b) Concept of Riba

(c) Major Islamic Financial Instruments

Deletion:

  • Break Even Lease Rental
  • Cross Border Leasing
  1. Dividend Decision
  2. Financial Services in India – Transferred to Paper 6-A
  3. Mutual Funds – Transferred to Paper 6-A

Paper 3: Advanced Auditing and Professional Ethics

Deletion:

  1. Audit

    Strategy, Planning and Programming

  2. Audit under CIS Environment

Paper 4 (Section A) : Company Law

Addition:

  • National Company Law Tribunal and Appellate Tribunal
  • Special Courts
  • Miscellaneous Provisions

Deletion:

  • Accounts & Audit
  • Dividend

Paper 4 (Section B) : Other Economic Laws

Addition

  1. The Banking Regulation Act, 1949: The Reserve Bank of India Act, 1934- Overview: Chapter III-C of the Act.
  1. The Intellectual Property Rights: Trademark and Patent Rights- Overview: covering trademark and patent rights.

Trademark: Important definitions, procedure and effect of registration and other provisions

Patents Rights: Preliminary, Inventions not patentable, grant of Patents and rights conferred thereby and other provisions.

  1. Foreign Contribution Regulation Act, 2010: Overview: Definitions, Regulation of Foreign contribution and Miscellaneous provisions.
  1. Legislative framework on listing agreements: Clause 35 and 41 of the listing agreements required for the working of the listing companies.
  1. General Clauses Act, 1897: Overview: Important definitions and Applicability, Commencement, termination and computation of time, Powers conferred to be exercisable from time to time, Power to appoint include power to suspend or dismiss, Constructions of Notification, etc, issued under enactments, Power to issue, to include power to add to, amend, vary or rescind notifications, orders, rules, or bye-laws and other provisions.
  1. The Bankruptcy and Insolvency Code, 2015: Overview: Preliminary, Corporate insolvency resolution process, Liquidation process and other provisions

To Be Discussed

  1. The Arbitration and Conciliation Act, 1996-Overview: General Provisions, Arbitration agreement, Tribunal, Conciliation
  1. The Societies Registration Act, 1860: Overview: Formation of society by Memorandum of association and registration and other related provisions.
  1. The Indian Trust Act, 1882- Overview: Creation of Trusts, Duties and Liabilities, Certain obligations in the nature of trusts
  1. The Co-operative Societies Act, 1912: Overview: Preliminary, Registration, Duties of Registered societies, Privileges and Miscellaneous provisions

Deletion:

  1. SEBI Act, 1992
  2. SCRA Act
  3. Interpretation of Statutes, Deed and Documents

Group – II

Paper 5 (Part A): Advanced Management Accounting

Addition:

  1. Modern Business Environment
  1. Supply Chain Management (SCM)
  2. Gain Sharing Arrangements
  3. Outsourcing
  1. Lean System and Innovation
  1. Introduction to Lean System
  2. 5 Ss
  3. Total Productive Maintenance (TPM)
  4. Cellular Manufacturing/ One-Piece Flow Production Systems
  5. Six Sigma (SS)

   (B) Introduction to Process Innovation and Business Process Re-engineering (BPR)

  1. Cost and Management Accounting Techniques
  2. Value Analysis/Value Engineering

Paper 6A : Financial Services and Capital Markets (New Paper)

  • Financial Market
  • Capital Market
  • Primary Market
  • Secondary Market
  • Money Market Instruments
  • Equity Market
  • Debt Market
  • New Issue Market
  • Right Issue
  • Secondary Market

(a) Stock Market Operations

(b) Indian Debt Market

  • What are Commodity Markets
  • Role of Commodity Markets
  • Commodity Market in India
  • Application of Derivative in Commodities
  • Global Commodities Exchanges
  1. Derivatives Analysis and Valuation
  • Forward/ Future Contract
  • Options
  • Swaps
  • Basics
  • Meaning
  • Organization
  • Scope of Merchant Banking
  • Functions of Merchant Banking
  • Meaning
  • Evolution
  • Types
  • Performance Measures
  • Mutual Fund Organisation
  • Advantages and Disadvantages of Mutual Fund
  • Exchange Traded Funds (ETFs)
  • Introduction and Concept
  • Factoring and Bill Discounting
  • Mechanism
  • Service Package
  • Types of Factoring
  • Benefits and Problems of Factoring
  • Financial Aspects of Factoring
  • Financial Evaluation of Factoring Decision
  • Forfaiting
  • Introduction
  • Rating Services
  • Objectives and types
  • Uses
  • Credit Rating Process
  • Credit Rating Methodology
  • Rating Revisions
  • Credit Rating Agencies in India
  • Limitations
  • SEBI and Credit Rating
  • Introduction
  • Concept and Definition
  • Benefits of Securitization
  • Participants in Securitization
  • Mechanism of Securitization
  • Problems in Securitization
  • Securitization Instruments
  • Pricing of Securitization Instruments
  • Securitization in India
  • Meaning and Classification

(a) Venture Capital

(b) Buyouts

(c) Special Cases

  • Risk and Cost of Investing in Private Equity
  • Exit Routes
  • Valuation of Private Equity Transactions
  • Private Equity Funds
  • Concept
  • Functions
  • Challenges
  • Developments in Investment Banking
  1. The Securities and Exchange Board of India Act, 1992
  • Rules
  • Regulations
  • Guidelines issued thereunder
  1. Legislative framework on listing agreements
  2. The Securities Contract (Regulation) Act, 1956
  3. Chapter III-D of the RBI Act, 1934

Paper 6B : Information Systems Control and Audit

No Changes

Paper 7  : Advanced Direct Tax Laws and International Taxation

Part I: Advanced Direct Tax Laws

No Changes

Part II: International Taxation

(1) International Taxation provisions under the Income-tax Act, 1961, including

(v) Specific Reporting Regime in respect of Country by Country reporting and master file

(vi) Tax incentives to International Financial Services Centre

(2) Equalisation levy

(3) Overview of Model Tax Conventions 4

(4) Tax treaties: application and interpretation

(5) Tax Information Exchange Agreements

(6) Base Erosion and Profit Shifting

(7) Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

Paper 8 : ADVANCED INDIRECT TAX LAWS

No Changes

CA Final Subject Wise Syllabus

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